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Do I need to provide proof of higher education expenses that were paid from an early withdrawal from an IRA? Can I count off campus housing as an expense?
I am not claiming any of my son's higher education expenses for education deductions, however I would like to use them to offset the additional taxes from an early IRA withdrawal, used to pay the expenses. I have receipts for all expenses. Do I need to provide these receipts when filing? I read in Publication 970 that I could count customary cost of room and board, but can I count housing costs for living off campus?
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‎June 1, 2019
8:08 AM